Amazon to collect sales tax, create 2,500 jobs in Texas

If Amazon’s been your internet safe haven from the ravages of sales tax, you may want to sit down. As part of a settlement with the great state of Texas, Bezos’ baby will start collecting the state’s requisite 6.25-percent sales tax on July 1st. The settlement resolves the online retailer’s ongoing dispute with the Lone Star state, which claimed that Amazon owed $269 million in back taxes. In addition to taking up collection, Amazon has agreed to create at least 2,500 jobs and invest a minimum of $200 million in capital investments, though it admits no fault, and believes “the assessment was without merit,” according to its latest SEC filing. Grouped in with Kansas, Kentucky, New York, North Dakota and Washington, this agreement makes Texas the sixth state to collect sales tax from Amazon — and California, Nevada and Arizona will join the collection club in due time. Check out the source links below for the Texas Comptroller’s official statement and more reading on Amazon’s tax agreements across the nation.

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About Ken May

Kenneth May is a certified cybersecurity professional. He and his team offer services such as Advanced Vulnerability Assessments, Network Penetration Testing, Web Application Penetration Testing, and a wide array of compliance services covering HIPAA, PCI, and the various NIST & DOD requirements. Ken is a Community mentor for SANS, the largest Cybersecurity certification preparation company in the world, and carries both the GSEC and GPEN (Certified Ethical Hacker and Penetration Tester) certifications. He has recently been accepted into the FBI’s Infragard program, as a recognized protector of critical national infrastructure. This program gives him deep access to information and resources to protect his clients.